Funding round
Cityblock Health Series D
Cityblock Health, which works in primary care services in New York, raised $400M in a Series D round announced on 3 Aug 2021, led by SoftBank, at a $5.70B post-money valuation. 12 firms took part. It is Cityblock Health's fourth venture round on record; the one before was a Series C in Dec 2020.
$400M
Amount raised
$5.70B
Post-money valuation
12
Investors
1 lead
5.7x
Step-up from the Series C
$1.00B in Dec 2020
7.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cityblock Health at $5.70B after the new money, 5.7 times the $1.00B of its Series C (Dec 2020). The $400M bought investors about 7.0% of the company. It came 8 months after Cityblock Health's Series C. It is 53% of the $762M Cityblock Health has raised in the venture rounds on record. Cityblock Health raised again 60 months later: a Series E round of $116M in Aug 2026.
Cityblock Health's funding rounds
Cityblock Health has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank led the round with 11 other firms.
Lead investor
- SoftBank new investor
Also in the round
- 8VC new investor
- backs 25 venture-backed companies new investor
- EmblemHealth new investor
- General Catalyst backs 574 venture-backed companies new investor
- Maverick Ventures new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Sidewalk Labs new investor
- backs 18 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Tiger Global Management new investor
- backs 25 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $100M, and this round was 4.0 times the median. The closest in time, other companies' Series D rounds in Health Care Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Maven Clinic Health Care Services | 17 Aug 2021 | $110M | $1.00B | Dragoneer Investment Group and Lux Capital |
| Health Care Services | 13 Oct 2021 | $100M | not disclosed | Deerfield |
| Sword Health Health Care Services | 22 Nov 2021 | $163M | $2.00B | Sapphire Ventures |
| Ro Health Care Services | 23 Mar 2021 | $500M | $5.00B | General Catalyst and FirstMark |
| Health Care Services | 5 Jan 2022 | $35M | not disclosed | not named |
| Aledade Health Care Services | 19 Jan 2021 | $100M | $2.10B | Meritech Capital |
| Health Care Services | 18 Nov 2020 | $42M | not disclosed | Valor |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cityblock Health raise in its Series D round?
Cityblock Health raised $400M in its Series D round, announced in Aug 2021.
Who led Cityblock Health's Series D round?
SoftBank led it, with 8VC, Echo Health Ventures, EmblemHealth, General Catalyst and Maverick Ventures and 6 more.
What was Cityblock Health's valuation at the Series D round?
$5.70B post-money.
How does it compare with other Series D rounds in Health Care Services?
7 Series D rounds in Health Care Services within a year either side disclosed an amount; the median was $100M, and this round was 4.0 times the median.
Did Cityblock Health raise again after this round?
Yes: a Series E round in Aug 2026 of $116M.